Indian equities ended sharply lower on April 30, as global uncertainty, rising crude prices and sustained foreign selling triggered a broad-based selloff.
The BSE Sensex fell 583 points, or 0.75 percent, to close at 76,913.50, while the Nifty 50 declined 180 points, or 0.74 percent, to 23,997.55. Broader markets also weakened, with mid cap and small cap indices ending lower.
Investor wealth shrank by nearly ₹5 lakh-crore, with total market capitalisation dropping to around ₹464 lakh-crore.
Sensex down 583 points; Nifty falls 180 points
Mid cap index declines about 1 percent; small cap slips 0.5 percent
Metal, consumer durables, PSU banks and FMCG stocks lead losses
Select auto, pharma and IT stocks offer limited support
34 of 50 Nifty stocks close in the red
Sensex gains about 7 percent in April
Nifty rises around 7.5 percent
Indices snap a four-month losing streak
Rising friction between the United States and Iran unsettled global markets
Reports of tighter US sanctions and possible military escalation
Vladimir Putin warns of “damaging consequences”
Brent crude remains elevated, stoking inflation concerns
Negative for India as a major oil importer
Raises risks to growth and fiscal stability
Falls to 95.33 per dollar during the day; closes at 94.91
Weak currency increases chances of foreign outflows
Adds pressure on equity markets
Federal Reserve holds rates but signals prolonged tight stance
Inflation concerns remain due to high energy prices
Markets now see little chance of rate cuts this year
FIIs extend selling streak in cash market
April outflows exceed ₹62,000 crore
Weakens overall market sentiment
Near-term volatility likely to persist
Key triggers: crude oil, rupee movement, global tensions
Domestic fundamentals may offer some support, but sentiment remains fragile.
(By arrangement with livemint.com)